jpurnal entry for provision for taxation? mention clearly?

Answer Posted / madhulika2011

1)
P & L A/C...DR.
TO PROVISION FOR TAXATION A/C

2)
PROVISION FOR TAXATION A/C...DR.
TO TAX PAYABLE A/C

3)
TAX PAYABLE A/C...DR.
TO BANK OR CASH A/C

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee

2157


In one year how many times tds, service tax, and Mvat is paid?

2243


I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.

1675


Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.

1475


I have working with Rs.180000/- I want fill up itr 1st time What is process.

1729






how we creat e-vat return in tally for punjab

2499


why VAT not charged in deemed sales bill.

1736


what about WCT (Work Contract Tax)

1602


My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?

1611


why use diff vat forms like vat51 vat3 why

1442


WHAT IS THE DEPREATION RATE FOR COMPANY, EXPLAIN DETAILD WITH EXAMPLE & ENTERY , PLEASE GIVE ME THE DETAIL OF IT ON MY E.MAIL sonidilip87@yahoo.com

1701


We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.

1649


Any one can mail soft copy of Balance sheet,Trading and profit and loss alc.of a small firm or small co for study

1823


sir mai ek bar cst online tax payment kar raha tha to sar maine tac par na click kar ke interst par click kar di ho mai kya karu please give a anwers

1583


In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.

2117